Mr. Judy Baker reports

ARGO'S LINDBERGH OIL WELL ON PRODUCTION

The Lindbergh Area Sparky oil well was drilled in mid-March, 2023, and is now on production at anticipated rates; Argo Gold Inc. participated for 37.5 per cent of the Lindbergh well and its share of production is expected to yield 55 to 70 barrels oil/day.

Argo has an area of mutual interest at Lindbergh whereby Argo can participate in additional oil wells for 37.5 per cent of the drilling, completion and equipping costs associated with any future wells drilled on the Lindbergh prospect. Argo will have 37.5 per cent of any production from future wells. In the area proximal to the current Lindbergh oil well, the operator has identified up to six additional oil well development locations.

As announced on Feb. 1, 2023, Argo is currently completing a private placement of 12 million shares at a price of 10 cents per share, for gross proceeds of up to $1.2-million. The proceeds of the financing will be used for participation in the Sparky oil wells, advancement of the Nisku Oil farm-ins and general corporate purposes. Finder's fees may be payable to qualified individuals pursuant to which the finder may receive a finder's fee equal to 8 per cent of the gross proceeds of the financing attributable to such finder.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company. Information on Argo Gold can be obtained from SEDAR and on Argo Gold's website. Argo Gold is listed on the Canadian Securities Exchange (CSE) and the OTCQB.

We seek Safe Harbor.